Raytheon Receives US Army Contract for JAGM Continued Technology Development

 Raytheon Receives US Army Contract for JAGM Continued Technology Development

PR Newswire

TUCSON, Ariz., Dec. 3, 2012

TUCSON, Ariz., Dec. 3, 2012 /PRNewswire/ --Raytheon Company (NYSE: RTN)
received a contract from the U.S. Army's Aviation Missile Command to develop
and deliver a next-generation guidance section for Joint Air-to-Ground Missile
(JAGM) continued technology development (CTD). During the first four months of
CTD, Raytheon will update its design and complete a delta preliminary design
review. During the next 24 months, the team will focus on a critical design
review, guidance section qualification and testing, and delivery of JAGM
guidance sections.

CTD will culminate with U.S. Army integration of Raytheon JAGM guidance
sections to currently qualified and fielded missile components, including the
warhead, rocket motor and control actuation system. The total value of both
contract phases is approximately $65 million.

The Raytheon team will leverage its low-cost, proven, uncooled tri-mode seeker
now in development for the U.S. Air Force and U.S. Navy Small Diameter Bomb II
(SDB II) program.

"Our state-of-the-art seeker is a compelling technology because it offers our
warfighters a new, game-changing capability -- hitting moving targets in all
weather conditions. As our SDB II production contracts reflect, we can meet or
exceed the performance demanded to outpace future threats for unit costs
comparable to current weapons," said Tom Bussing, vice president of Advanced
Missile Systems at Raytheon Missile Systems. "With our JAGM solution,
capabilities will grow, but costs will not."

Based on current schedules, Raytheon's SDB II tri-mode seeker will be in its
second year of production by the time JAGM CTD concludes. Because JAGM's
seeker head has a high level of commonality with the SDB II seeker head, the
JAGM program can potentially take advantage of some of the qualification
testing already accomplished with SDB II. That could reduce risk and cost for

About Raytheon
Raytheon Company, with 2011 sales of $25 billion and 71,000 employees
worldwide, is a technology and innovation leader specializing in defense,
homeland security and other government markets throughout the world. With a
history of innovation spanning 90 years, Raytheon provides state-of-the-art
electronics, mission systems integration and other capabilities in the areas
of sensing; effects; and command, control, communications and intelligence
systems, as well as a broad range of mission support services. Raytheon is
headquartered in Waltham, Mass. For more about Raytheon, visit us at
www.raytheon.com and follow us on Twitter @raytheon.

Media Contact
Tara Wood

SOURCE Raytheon Company

Website: http://www.raytheon.com
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